America’s Car-Mart Inc. (NASDAQ:CRMT)’s share price shot up 5.5% on Friday . The company traded as high as $30.44 and last traded at $30.36, with a volume of 58,841 shares trading hands. The stock had previously closed at $28.79.

A number of research firms have weighed in on CRMT. Sidoti began coverage on America’s Car-Mart in a research note on Tuesday, March 15th. They set a “buy” rating and a $33.00 price objective for the company. Jefferies Group reiterated a “hold” rating on shares of America’s Car-Mart in a research note on Tuesday, May 24th. Zacks Investment Research lowered America’s Car-Mart from a “hold” rating to a “sell” rating in a research note on Wednesday, May 25th. Finally, Citigroup Inc. dropped their target price on America’s Car-Mart from $29.00 to $26.00 and set a “hold” rating on the stock in a research report on Thursday, April 7th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $33.00.

The stock has a market cap of $243.37 million and a P/E ratio of 22.83. The stock has a 50 day moving average of $25.24 and a 200-day moving average of $24.97.

America’s Car-Mart (NASDAQ:CRMT) last released its quarterly earnings data on Monday, May 23rd. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by $0.18. The business had revenue of $155 million for the quarter, compared to the consensus estimate of $149.13 million. During the same period in the previous year, the company earned $0.81 EPS. America’s Car-Mart’s quarterly revenue was up 12.5% compared to the same quarter last year. On average, equities analysts anticipate that America’s Car-Mart Inc. will post $2.02 earnings per share for the current year.

In other America’s Car-Mart news, Director John David Simmons sold 3,750 shares of the company’s stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $24.20, for a total value of $90,750.00. Following the completion of the transaction, the director now owns 19,979 shares in the company, valued at $483,491.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gremp Jim Von acquired 2,000 shares of the firm’s stock in a transaction on Tuesday, May 24th. The stock was bought at an average price of $21.33 per share, with a total value of $42,660.00. The disclosure for this purchase can be found here.

A hedge fund recently raised its stake in America’s Car-Mart stock. Bank of Montreal Can increased its stake in shares of America’s Car-Mart Inc. (NASDAQ:CRMT) by 55.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 233,462 shares of the company’s stock after buying an additional 83,036 shares during the period. Bank of Montreal Can owned about 2.76% of America’s Car-Mart worth $6,232,000 as of its most recent SEC filing.

America’s Car-Mart, Inc is an automotive retailer in the United States focused on the integrated auto sales and finance segment of the used car market. The Company conducts its operations through its two operating subsidiaries, America’s Car Mart, Inc, an Arkansas corporation (Car-Mart of Arkansas), and Colonial Auto Finance, Inc, an Arkansas corporation (Colonial) (Collectively, Car-Mart of Arkansas and Colonial are referred to as Car-Mart).

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